In an attempt to popularise the use of its app, HMRC is launching a new advertising campaign aimed in particular at 18 to 34 year olds…
Consequences of the NLW and NMW rate increases next year
The proposed increases to the UK National Minimum Wage (NMW) and National Living Wage (NLW) set for April 2025 are expected to impact employers and employees significantly…
671,000 young people urged to cash in their government savings pot
More than 670,000 18-22 year olds, yet to claim their Child Trust Fund, are reminded to cash in their stash as HM Revenue and Customs (HMRC) reveals the average savings pot is worth £2,212…
Business sectors that need to comply with anti-money laundering regulation
Under UK law, the Proceeds of Crime Act 2002 (POCA) sets out the framework for tackling money laundering and the handling of criminal proceeds…
Business concerns continue to plague UK SMEs
Business owners are grappling with inflation, labour shortages, access to finance, and supply chain disruptions, all of which are affecting business operations, particularly for SMEs…
Financial Services Compensation Scheme
In the UK, bank deposit protections are provided through the Financial Services Compensation Scheme (FSCS)…
Restricted access to the Winter Fuel Allowance is confirmed
Parliament has agreed that the Winter Fuel Allowance payable 2024 will be limited to pensioners in receipt of Pensions Credits and certain other means-tested benefits…